The finance industry includes numerous sectors. Banking provides services ranging from account management to investments. Private Equity and Venture Capital invest in established companies and startups, respectively. Financial Services offer planning and advice, while Real Estate Finance covers services related to property, such as mortgages. Fintech utilizes technology to offer financial services.
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The agency also affirmed Egypt's foreign-currency senior unsecured ratings at Caa1.
10.03.2024 economy middle east
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Nigeria may have put the cart before the horse with its floatation of the naira, but Egypt has made no such mistake.
10.03.2024 business day
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Debt is expected to fall below 90 percent by June 2025 and below 80 percent by June 2027.
10.03.2024 Agenzia Nova
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Rating agency S&P is encouraged by the substantial financial inflows that Egypt has received in the last two weeks.
10.03.2024 Forbes Middle East
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The Egyptian pound dropped from a level of 30 pounds per dollar to 49.50. Traders said the surprise move injected much-needed investor confidence.
10.03.2024 Africa cgtn
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The average price of the dollar in the banking market reached EGP 49.4743 for buying and EGP 49.5743 for selling, according to the CBE
07.03.2024 Daily News Egypt
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On Wednesday morning, the Central Bank of Egypt raised interest rates by 600 basis points, equivalent to 6%, to reach levels of 27.25%.
07.03.2024 See news
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The National Bank of Egypt (NBE) decided to offer a three-year certificate with a decreasing interest, at an annual price of 30% for the first year.
07.03.2024 See news
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Egypt’s pound hit a record low against the dollar on Wednesday after its central bank hiked interest rates by 600 points and devalued the currency.
07.03.2024 cnbc
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The state has recently raised interest rates by 6 percent to contain inflation and support citizens.
07.03.2024 Ahram Online
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